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Stelco signs MoU with Primobius to construct a plant for extraction and recycling of Li-Ion battery metals

Primobius GmbH is a 50:50 joint venture company owned by Neometals Ltd., Australia, and SMS group to commercialize an environmentally friendly recycling solution for end-of-life and scrap lithium-ion battery (LiB) cells. Primobius has now signed a memorandum of understanding (MoU) with Stelco Inc., Canada, a wholly-owned subsidiary of Stelco Holdings Inc., a Toronto Stock Exchange (“TSX”) listed steel manufacturing company headquartered in Hamilton, Ontario.

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  • Replacement of obsolete cycloconverter drives will ensure availability of plate mill
  • Cost-optimized solution with new VarioVerter cycloconverter control and continued use of existing power units
  • Optional retrofitting capability of cycloconverter drive control enables plate mill to be operated with DC motor in the event of an emergency
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